Just because a company is 99% one thing, doesn’t mean that the 1% remaining don’t have moments of real genius. What it does mean however is that when those real genius moments happen, the company isn’t in a good position to capitalize on it (ala Xerox or Kodak mentioned previously, but there are so many more).

Because that's the hallmark of business-minded people being at the helm and not engineers, which has been an issue for Google for a long time: the greatest inventions ever seen will be squandered in terms of the org itself because management can't see beyond the next few quarters and won't invest properly in it.